Davos: 'For many years, for us, the number one priority was the energy sector, because the resources we had allowed us to increase our economic performance and improve the living standards of the people,' said President of Azerbaijan Ilham Aliyev as he responded to questions from business representatives from various countries during an event titled 'Azerbaijan Executive Breakfast,' held as part of the annual meeting of the World Economic Forum in Davos.

According to Azerbaijan State News Agency, President Aliyev noted that the energy sector has long been a cornerstone of Azerbaijan's economic strategy. The president highlighted that the country's energy resources have been instrumental in enhancing both economic performance and the overall quality of life for its citizens.

President Aliyev also stated that while the country has made significant progress in the energy sector, the focus is now shifting towards diversifying the economy. 'Today, most of the energy portfolio is done. Yes, we continue, and definitely we will have more to offer to international markets. But of course, the priority is the non-energy sector, the non-oil and gas sector,' he emphasized. The shift in focus aims to bolster other sectors of the economy, reducing dependence on oil and gas.